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2014 (6) TMI 5 - ITAT MUMBAIInterest short granted - Entitlement of interest on the amount of interest due u/s 244A of the Act – Held that:- Following Supreme Court decision in CIT v/s Gujarat Fluoro Chemicals, [2013 (10) TMI 117 - SUPREME COURT] - only interest provided under the statute which can alone be claimed by the assessee, and not any other interest on statutory interest - the provisions of section 244A only provides for interest on refund under various contingencies, and only the interest as provided in the statute can be claimed by the assessee and no other interest on such interest, which has been to be computed u/s 244A - the order of the CIT(A) is set aside and the matter is remitted back to the AO for computation of interest which is allowable u/s 244A – Decided in favour of Aseessee.
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